316 Huron Street Traverse City, MI $ 550,000
316 Huron Street
$ 550,000
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316 Huron Street

Traverse City, MI, 49686
$ 550,000
Baths3.0 Sq 2,636

Monthly Estimate*

$ 3,473

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Studio

Multi-Family Home for sale in Traverse City, MI

for $550,000 with 3 full baths. This 2,636 square foot home was built in 1937 on a lot size of 0.34.

Excellent Investment Opportunity at the Base of Old Mission Peninsula! This well-maintained duplex offers outstanding income potential with a proven rental history and current gross rental income of $4,790 per month. The property features three income-producing units, providing flexibility for investors or those seeking an owner-occupied opportunity. The duplex can also be converted back to a single-family home. Unit A (Main Level) offers 3 bedrooms, 1 bath, and an attached two-car garage. Unit B (Upper Level) features 2 bedrooms, 1 bath, in-unit laundry, and a private deck. A separate, non-conforming Cottage (Unit C) includes 1 bedroom and 1 bath, creating an additional income stream. Ideally located in one of Traverse City's most desirable in-town neighborhoods at the base of Old Mission Peninsula, the property is just two blocks from East Bay Beach, with convenient access to Northern Michigan College, Eastern Elementary, Central High School, downtown Traverse City, shopping, restaurants, beaches, and the TART Trail. Whether you're looking to expand your investment portfolio or convert the duplex back to a single-family home, this is an exceptional opportunity in a highly sought-after location.

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Multi-Family Active

Price

$ 550,000

Bedrooms

Studio

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.34

Year Built

1937

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1947705

Features
Interior
Interior Amenities Entrance Foyer Mud Room Drywall Cable TV High Speed Internet WiFi
Fireplace Features None
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
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General
Sewer Public Sewer
Heating Hot Water Baseboard Wall Furnace Natural Gas
Possession Negotiable Subject To Tenant Rights
Roof Asphalt
Appliances Refrigerator Oven/Range Dishwasher Washer Dryer Gas Water Heater
Security Features Smoke Detector(s)
Construction Materials Block Aluminum Siding Wood Siding
Pets Allowed false
Year Built 1937
Stories Count 2
Township Traverse City
Levels Two
Property Subtype Multi Family
Tax Year 2020
Waterfront Features Near Pub.Access w/in 500'
Community Features None
Accessibility None
Assoc Fee Paid Per Annually
County Grand Traverse
New Construction N
Property Type Residential Income
Attached Garage N
Energy Efficient Not Applicable
Subdivision Name None
Garage Y/N N
Green Water Conservation Not Applicable
Other Structures Shed(s) Guest House
Rent Includes None
Status New
Directions At the base of the Old Mission Peninsula. Take Munson Ave. to Huron Street. Home is on the left.
High School Central High School
City Traverse City
High School District Traverse City Area Public Schools
Zoning Description Residential Multi-Family Rental History
Number Of Units Total 3
Lot Size Units Acres
Lot Size Square Feet 14810.4
Carport Y/N N
Elementary School Eastern Elementary School
Home Warranty Y/N N
Middle/Junior High School Traverse City East Middle School
Ok to Lease 12 Months
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Traverse City Area Public Schools
Elementary School District Traverse City Area Public Schools
Tax Assessed Value 146727
Total Actual Rent 4790
Ownership Type Private Owner
Leasehold Rent $/Mo 1295
Lease Amount Frequency Annually
Legal Description THT PRT OF SW 1/4 OF SE 1/4 SEC 1 T27N R11W DES AS COM 33 FT W OF NE COR TH S 268 FT TH W 132 FT TH N 268 FT TH E 132 FT TO POB EXC N 155 FT THEREOF
Freehold IDX
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Exterior
Exterior Amenities None
Parking Features Two Car Attached Concrete
Water Source Public
Lot Size Area 0.34
Foundation Details Slab
Number of Buildings 3
Spa N
Lot Dimensions 113 x 132
Lot Size Acres 0.34
Road Surface Type Asphalt
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
Remax Bayshore - Union St Tc

Broker

(231) 941-4500

Phone

Affordability Calculator

$3,473
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,473
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2034033 Elementary School
2034438 Middle School
Central High School High School
Pricing History
DatePricePrice ChangeDescription
7/7/2026$550,000 Listed Price

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316 Huron Street, Traverse City, MI, 49686 is a Multi-Family Home for sale at $550,000 with 2,636 sqft and a lot size of 0.34. 316 Huron Street is a studio with 3.0 baths and was built in 1937. The property's zip code is 49686 which is in Traverse City, MI